The company my wife works for is being/has been sold just waiting for all the approvals from various stock holders, federal agencies, etc.She was told that her stock options would be converted to cash when sale is complete. Or something like that. Anyway, I have almost understood stock options a couple times but just when I think I have it straight, I loose it.Here are the details:Stock symbol: EFDGrant type: NSOGrant date: 6/26/2000Expiration date: 6/26/2010Grant price: $13Number of options: 404Value of options: ~ $9,400.00Current stock price: $36.28So what can/should we do with this to minimize any tax implications. Roll it over into other stocks? Remodel the kitchen? Set some aside and use the rest to pay off bills? Take a long vacation?Thanks for any input,Mike
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